Charles Schwab CEO: Considering the launch of a stablecoin pegged to the US dollar

ChainCatcher news, according to Decrypt, Charles Schwab CEO Rick Wurster stated during the earnings call that the company intends to issue a dollar-pegged stablecoin and is preparing to offer clients spot Bitcoin and Ethereum ETFs. Charles Schwab hopes to deepen its blockchain trading layout and join large financial institutions like Citigroup and JPMorgan that are exploring stablecoins. The company currently manages assets exceeding $7 trillion.

According to the Web3 asset data platform RootData, Charles Schwab is an investment services company dedicated to disrupting the traditional way Wall Street invests on behalf of clients. They provide a full range of brokerage, banking, and financial advisory services through their subsidiaries, including Charles Schwab & Co., Inc. (SIPC member) and Charles Schwab Bank (FDIC member).